Pork exports contribute to Smithfield's profit comeback Tuesday, May 31, 2011 Smithfield Foods Inc., based in Virginia, cites pork exports to Canada, along with other countries, as contributing to quarterly earnings that far exceeded expectations.In the quarter ending in January, Smithfield, the world's largest pork producer, exported 24 per cent of its production. According to published reports, chief executive Larry Pope credited double digit increases in sales to Japan, China Korea and Canada. As a result, Smithfield revenue rose 10 per cent to $3.19 billion, above the $3.16 billion average analyst forecast. The hog production unit still lost money, but it was only $2.3 million compared to $78.3 million a year before as higher hog prices made up for expensive feed.Across the industry, Pope said when announcing the company's financial situation, "supply and demand are in balance."Smithfield said it reduced its debt by $913 million by January, bringing its total debt level to $2.1 billion. BP Countering the 'meatless' weight loss theory Angry exchange on British pork prices
Paul Vickers and Bill Rosenberg named parliamentary assistants to Ont. ag minister Friday, April 11, 2025 Two MPPs have new roles at Queen’s Park. “I am excited to have been named Parliamentary Assistant to the Minister of Agriculture, Food, and Agribusiness,” Paul Vickers said on X on April 7. Joining him in this role is Bill Rosenberg, the MPP for Algoma-Manitoulin. Rosenberg is also the... Read this article online
Less Than Ideal Weather for the 2025 Planting Season in Many Regions of North America Friday, April 11, 2025 Unpredictable Spring Weather Disrupts Planting Plans Across U.S. and Canada By Aleah Harle, Farms.com Risk Management Intern Following historic weather events across several regions in the Midwest and mid-South last week, farmers are growing increasingly concerned about the impact on... Read this article online
USMEF: February Pork and Beef Exports Below Year-Ago Thursday, April 10, 2025 February exports of U.S. pork were moderately lower than a year ago, despite continued success in Mexico and Central America, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). February beef exports were also below last year after trending higher in... Read this article online
That Sinking Feeling: Proposed Port Fees Threaten U.S. Meat Exports Thursday, April 10, 2025 A new study commissioned by a coalition of agriculture and export groups warns that proposed U.S. port fees targeting Chinese-built or operated cargo ships could deliver a heavy blow to American meat exports, including pork. The recommendations, currently under review by the U.S. Trade... Read this article online
APAS releases federal election priorities Thursday, April 10, 2025 The Agricultural Producers Association of Saskatchewan (APAS) is the latest ag organization to publish its priorities for the upcoming federal election. The group’s document, titled Unleashing Agriculture for Canada’s Growth, highlights five important areas APAS would like to see included... Read this article online